HPQ Silicon Closed $3.0 Million Non-Brokered Private Placement
MONTREAL, Canada — HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: 8PY1), an advanced materials technology company developing innovative, low-emission processes for the production of high-purity silicon and silica used in energy storage, electronics, and industrial applications, is pleased to announce that it has closed the non-brokered private placement (the “Offering”) of 18,181,819 units (each, a “Unit”) at a price of $0.165 CAD per Unit for aggregate gross proceeds of $3 million CAD announced on February 23, 2026.
Each Unit consists of one common share of the Company (each, a “Common Share”) and one non-transferable Common Share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.25 CAD for a period of 24 months from the closing date of the Offering. All the Units under the Offering were purchasers by an investor outside of Canada.
In connection with the private placement, HPQ will pay a cash finder’s fee of $180,000 and will issue to the finder 1,090,909 non-transferable warrants. Each warrant entitles the finder to purchase one common share at an exercise price of $0.25 per share for a period of 24 months from the closing date of the placement. Any common shares issued upon their exercise prior to the date that is four months and one day following the closing of the placement, will be subject to the applicable statutory hold period.
The net proceeds of the Offering will be used for: (i) general working capital purposes; (ii) accelerating execution of the Company’s Silicon-Based Battery Material pilot plant project, announced on September 11, 2025; and (iii) continuing the development of the Company’s hydrogen-based projects.
U.S. Securities Disclaimer
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption.
